Fortive Announces Appointment Of Susan Main To Its Board Of Directors

Nordson (NDSN) reported Q2 revenue of $817.7M, up 10.3% YoY, exceeding estimates. Kennametal (KMT) saw 42.6% revenue growth, while Lincoln Electric (LECO) and Stanley Black & Decker (SWK) also reported earnings. The sector saw 2.1% revenue beat but a 2.7% average stock decline.

Snap-on (SNA) and 8 other professional tools and equipment stocks reported Q2 results. SNA reported $1.33B revenue, up 4.2% YoY, beating expectations. The sector saw 2.1% revenue beat, but shares are down 2.7% on average. KMT had the best growth at 42.6%, while LECO had the weakest guidance.

Fortive (FTV) increased its quarterly dividend by 16.7% to $0.07 per share, payable September 25, 2026. Q2 revenue rose to $1.0968B, with improved adjusted EBITDA and EPS. The company repurchased $2B in shares over the past year. Fortive aims for $4.7B revenue and $773.3M earnings by 2029, a 7% upside from current prices, according to projections.

Kennametal (KMT) reported Q2 revenue of $736.6M, up 42.6% YoY, beating estimates. Lincoln Electric (LECO) saw $1.22B revenue, up 12% YoY, with mixed results. Snap-on (SNA) reported $1.33B revenue, up 4.2% YoY, slightly beating estimates. Nordson (NDSN) reported $817.7M revenue, up 10.3% YoY, exceeding expectations. Stocks reacted variably post-earnings.

Lincoln Electric (LECO) reported Q1 revenue of $1.22B, up 12% YoY, beating estimates but missing on organic revenue. Hillman (HLMN) reported $442.3M in revenue, up 9.8% YoY, beating estimates and raising guidance. Fortive (FTV) reported $1.10B in revenue, up 7.9% YoY, beating estimates but stock down 7.1% since reporting.

Fortive (FTV) is profiled as its shares rose 28.3% over 52 weeks versus 20.2% for the S&P 500, and 10.7% YTD versus 13.2% for SPX. Fortive reported Q2 2026 adjusted EPS of $0.74 and revenue up about 8% to $1.1B, raised 2026 adjusted EPS to $2.95-$3.05. Analysts expect FY2026 adjusted EPS of $3.01. Seaport Global reiterated Buy with a $70 target; mean target $63.93.